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Author Topic:   Wither Greece?
Tangle
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Posts: 9489
From: UK
Joined: 10-07-2011
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Message 46 of 46 (763083)
07-20-2015 2:03 PM
Reply to: Message 45 by Diomedes
07-20-2015 1:55 PM


Re: More from the NYT; The IMF backs out
Diomedes writes:
So while we can lay blame on the ECB and Germany for being too strident, we can also say that the Greek government was woefully ill prepared and borderline incompetent in its execution.
It was incompetence combined with corruption that got them into the mess in the first place.
It's pretty clear now that no-one in the negotiation believes a word they were told by the Greek government nor have any confidence in their capabilities to delievr on their promises/lies.
It's a Grexit by a thousand cuts. Rich Greeks are selling their properties at bargain prices to the Russians and getting out as fast as they can - most took their cash out 2 years ago.

Je suis Charlie. Je suis Ahmed. Je suis Juif.
Life, don't talk to me about life - Marvin the Paranoid Android
"Science adjusts it's views based on what's observed.
Faith is the denial of observation so that Belief can be preserved."
- Tim Minchin, in his beat poem, Storm.

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